Use the Following to Answer Questions

question 90

Multiple Choice

Use the following to answer questions:
-(Table: Marginal Benefit, Cost, and Consumer Surplus) The table Marginal Benefit, Cost, and Consumer Surplus shows six consumers' willingness to pay for one iTunes download. If the marginal social cost is constant at _____, then _____ consumers will purchase this good and consumer surplus is _____.

• A) $5; three; $15
• B) $5; three; $30
• C) $5; two; $15
• D) $4; four; $34

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Definitions:

Heterozygous Individual

A heterozygous individual possesses two different alleles of a gene for a particular trait, resulting in genetic variation.

Different Alleles

Variations or alternative forms of a gene that can exist at a single locus (position) on a chromosome.

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele; it masks the effect of a recessive allele.

Heterozygous Individuals

Individuals having two different alleles at a particular genetic locus, one inherited from each parent.